President Donald Trump signed a major Dodd-Frank rollback into law Thursday, hoping to bring regulatory relief to community banks across the U.S. The president explained Dodd-Frank’s costly regulations gave large banks a negative advantage at the cost of small banks throughout the country. Click the headline to read more.

Items Tagged with 'Top lenders'

ARTICLES

Quicken Loans announced just before the Super Bowl that it officially passed up Wells Fargo as the No. 1 lender in the U.S. However, because Quicken Loans is a private company, there was no way to verify its claims without waiting for 2017 Home Mortgage Disclosure Act data to be released. That is, until now.

The U.S. Department of Housing and Urban Development enlisted four new top leaders who will assume key roles in the agency. HUD explained these leaders are stepping up at the start of the year during a critical recovery period following last year’s devastating hurricanes.

The total number of originated loans of all types and purposes increased by almost 1 million between 2015 and 2016, and some lenders stood above the rest in their origination share. Here is a list of the top 10 lenders that dominated mortgage originations in 2016, prepared by iEmergent.

Bank of America and other big lenders may be too big too fail, but at least one analyst challenges the notion that they need to go away. Instead, a new report says banks of all sizes — including mega banks — are needed to fuel the global economy.

This month inHousingWire magazine

He wears t-shirts to his televised interviews; not very CEO. He played sports at a high level, but rarely brings it up and when he does he talks about it as a mere chapter in his life. Honestly, who plays a Super Bowl and doesn’t describe it as the defining moment in their personal journey? Casey Crawford, that’s who. His family is a big part of his life of course, but he talks about his even larger family — his coworkers — in terms that are just as glowing.

Feature

One of the things that has bedeviled mortgage financing post-crisis has been the absence of the private label mortgage backed securities market. During the peak years, private label MBS issuance topped $1 trillion. In 2017, only $70 billion of private label RMBS were issued, although that is a big increase from 2016.

Commentary

Digital technology has disrupted businesses and industries from publishing to public transportation, so can the mortgage industry be far behind? Actually, anyone who’s applied for a mortgage recently will have recognized that things are already changing fast.